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investment treaty

Definition

Agreement between two or more countries to ensure, among other things, that (1) investors of the signatory country are allowed to hire top management personnel of any nationality, (2) have the right to make investment related transfers, (3) assets belonging to one signatory country's investors in the other signatory country can only be expropriated in accordance with the international law, and (4) investors will have access to binding international arbitration in dispute settlement.

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